Answer:
Annuity will be $33112.644
Explanation:
We have given future value ( FV ) = $4000000
Rate of interest r = 5% = 0.05
Number of periods n = 40
We know that future value is given by
Here A is annuity
So
So annuity will be $33112.644
Answer:
Demand
Explanation:
If no one is buying the product naturally it the limits the quantity sold.
Answer:
Land 373,500
Building 1,100,000
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land improvements 67,000
Fence 55,000
Sign 12,000
Explanation:
Land cost:
cash 160,000
note payable 145,000
delinquent property tax 4,000
insurance costing 1,500
level the land 3,000
soil <u> 60,000</u>
Total land: 373,500
The land will be recorded for all the cost necessary to get it ready for use.
The soil, once added can't be differentiate from the original land. It is added to the land is not an improvement.
The office building will be for 1,100,000
land improvements will be the fence and signs:
fence 55,000
sign <u> 12,000 </u>
total 67,000
Answer:
C) downward sloping and straight.
Explanation:
The indifference curve is the curve at which the combination of two goods is shown so that the consumer gets equal satisfaction which makes the consumer different.
The perfect substitutes are those goods which are used in place of another. Like the milk, the producer is different but their objective is the same
In the case of the perfect substitutes, the indifference curve is a straight and downward sloping due to the constant marginal rate of substitution of two goods.